U.S.GAAP

Multiple Choice

U.S.GAAP

A) does not allow firms to amortize goodwill in measuring net income each period.
B) requires that an annual test for impairment in the value of goodwill be performed each period.
C) requires the write-down of goodwill and recognition of an impairment loss if an impairment in the value of goodwill exists.
D) all of the above
E) none of the above